It is commendable that you are engaged in pensions.
Well done, letting investors know in advance.
Do you already have a finished product?
Topic: Raising ICO Standards (Read 2157 times)
This will take a lot of time but i want to know basically you are doing a ico for a solution for the ico weird nowadays just to raise money you all are coming with all these weird ideas which many won't implement.
Let's start with your features :
Go find a better ides to raise funds you might raise a million but your product won't make a difference.
Let's start with your features :
Quote
ETH Locked through smart-contract, the funds will gradually become available based on Auctus business budget plan.
So basically the funds will be locked and can only be released by you either way someone is still involved with customers funds.Quote
Smart Contract source will be published well in advance, this will allow potential investors to audit the contract.
It can still be done now also what's the use of your business it's just companies don't wanna do you are just adding a feature which already exsits.Quote
We will publish our crowdsale contract address in advance, minus the last 5 digits, so there is no chance of funds being sent to an incorrect address.
Again why will someone use you this can be done without using your plan.Quote
Team will have 2 years vesting with 6 months cliff.
All fake claims it's a online world now of this can be trusted. Go find a better ides to raise funds you might raise a million but your product won't make a difference.
it will not change magically 
we have to force that change
we have to force that change
Hello guys, we are currently working in a smart contract powered pension fund platform, and studied how we could improve our ICO.
What do you think about using the following rules, do you have any suggestion to improve it? We will publish it on github and if community support it, it could become a standard for next ones.
Main Points:
What do you think about using the following rules, do you have any suggestion to improve it? We will publish it on github and if community support it, it could become a standard for next ones.
Main Points:
- ETH Locked through smart-contract, the funds will gradually become available based on Auctus business budget plan.
- Smart Contract source will be published well in advance, this will allow potential investors to audit the contract.
- We will publish our crowdsale contract address in advance, minus the last 5 digits, so there is no chance of funds being sent to an incorrect address.
- Team will have 2 years vesting with 6 months cliff.
These are good points. If we hold ICOs more accountable everyone will be better off. Right now it's basically the wild wild west in the market but I think all that will change
Thank you for opening this up for feedback!
A smart contract-powered pension plan platform sounds very disruptive in the best possible way. Are you first-mover in the space?
A smart contract-powered pension plan platform sounds very disruptive in the best possible way. Are you first-mover in the space?
Hello guys, we are currently working in a smart contract powered pension fund platform, and studied how we could improve our ICO.
What do you think about using the following rules, do you have any suggestion to improve it? We will publish it on github and if community support it, it could become a standard for next ones.
Main Points:
What do you think about using the following rules, do you have any suggestion to improve it? We will publish it on github and if community support it, it could become a standard for next ones.
Main Points:
- ETH Locked through smart-contract, the funds will gradually become available based on Auctus business budget plan.
- Smart Contract source will be published well in advance, this will allow potential investors to audit the contract.
- We will publish our crowdsale contract address in advance, minus the last 5 digits, so there is no chance of funds being sent to an incorrect address.
- Team will have 2 years vesting with 6 months cliff.
checkout 0x ICO, it was the best one so far imo
you just quoted yourself =)
Oh, that's great. Actually I have a question, will pre-publication of the address help with DDOS?
You know, sometimes ICO websites are ddosed while ico process, and many fake phishing sites with that ico clones appear in the Internet same time. That makes some money goes to fake addresses =(
You know, sometimes ICO websites are ddosed while ico process, and many fake phishing sites with that ico clones appear in the Internet same time. That makes some money goes to fake addresses =(
It helps since people will know before the ico starts the ens. Of course there is still a chance to someone that was not following to send to a random address.
Oh, that's great. Actually I have a question, will pre-publication of the address help with DDOS?
You know, sometimes ICO websites are ddosed while ico process, and many fake phishing sites with that ico clones appear in the Internet same time. That makes some money goes to fake addresses =(
You know, sometimes ICO websites are ddosed while ico process, and many fake phishing sites with that ico clones appear in the Internet same time. That makes some money goes to fake addresses =(
It helps since people will know before the ico starts the ens. Of course there is still a chance to someone that was not following to send to a random address.
Oh, that's great. Actually I have a question, will pre-publication of the address help with DDOS?
You know, sometimes ICO websites are ddosed while ico process, and many fake phishing sites with that ico clones appear in the Internet same time. That makes some money goes to fake addresses =(
You know, sometimes ICO websites are ddosed while ico process, and many fake phishing sites with that ico clones appear in the Internet same time. That makes some money goes to fake addresses =(
I suggest you make a special team that is always active in social media
It's really a good idea!We are on slack and we really appreciate feedback, if you want to follow our project closely. We are always active there: slack.auctus.org
I suggest you make a special team that is always active in social media
It's really a good idea!
I think the most easy way to get your answer is: trying to see some successful ICO project as a reference. You will see their ICO standards and I think you will have yours after that.
I think that's good enough, but I suggest you make a special team that is always active in social media. So potential investors and dev can communicate directly.
You can start by creating a telegram and slack group.
You can start by creating a telegram and slack group.
I think there should be some escrow for the funds raised from the ICO, for example a third-party escrow, many investors think it is important for evaluating the risks of scam.
The use of smart contract itself acts enough as an escrow but only to make sure that the users who invested their money into the project have their token, about the use of the funds, maybe someone reputable could take care of it. Otherwise, there'll be a misuse case of the funds which were raised.
Yes, but even with an escrow there is no way to deal with this problem, so we are working to build trust showing how hard we are working to really deliver what we promise. thanks for your feedback
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I think there should be some escrow for the funds raised from the ICO, for example a third-party escrow, many investors think it is important for evaluating the risks of scam.
The use of smart contract itself acts enough as an escrow but only to make sure that the users who invested their money into the project have their token, about the use of the funds, maybe someone reputable could take care of it. Otherwise, there'll be a misuse case of the funds which were raised.
I've been thinking about some ideas around how to create an ethical ico for a while although I was coming from a slightly different angle.
Top of the list was the idea of having a smart contract that is programmed to release funds along a schedule, based upon project milestones being achieved. Initially I was thinking that the tokens attached to an ICO could vote to delay/speed up such a schedule (thus empowering investors) but then I wondered if technically this could create issues with the SEC (would token holder's hold technical shares)? Lo and behold we get the annoucement from the SEC this week and I'm having to reformulate ideas. Where are you planning to base your ICO? Switzerland?
Top of the list was the idea of having a smart contract that is programmed to release funds along a schedule, based upon project milestones being achieved. Initially I was thinking that the tokens attached to an ICO could vote to delay/speed up such a schedule (thus empowering investors) but then I wondered if technically this could create issues with the SEC (would token holder's hold technical shares)? Lo and behold we get the annoucement from the SEC this week and I'm having to reformulate ideas. Where are you planning to base your ICO? Switzerland?
It makes sense , but you will need a static roadmap, it is quite possible for short-term but not for long-term. What would you do if a new opportunity arise that is clearly more profitable ? For example: All clients/users start asking for the same new feature that wasn't on the roadmap.
How about instead of releasing coins periodically regardless of achieving your projects plans, set milestones, goals and the coins are only released if you achieve them?
For a company it may be crucial to have a possibility to spend additional funds in tough times.Without some money reserve a company can literally die.
So for investors better to allow company release more tokens and make possible to change roadmap.
To make this kind of decisions investors have to have an access to company's private info and even secrets. =)
Up to me - it is not possible if ICO tokens owners remain anonymous. Because otherwise company cannot protect itself from information leaks.
Yes, it sounds perfect, but you would need that all investors follow closely enough to vote on each roadmap milestone.
You miss one thing, you should make execution of the project in the short future time. There are many ICOs execute their roadmap in the end of 2018 even in 2020. I think the coin will be forgoten or Investors will recognize scam ICOs. It is better to be ready a test net web application before launching ICOs.
I think this is a relevant point, an ICO that ask money and that has nothing to show for is suspicious, and whatever they are trying to accomplish is going to take a lot of time, instead if they have a beta about what they want to accomplish then that will make the ICO a lot more successful since people will know they are investing in something real. How about instead of releasing coins periodically regardless of achieving your projects plans, set milestones, goals and the coins are only released if you achieve them?
For a company it may be crucial to have a possibility to spend additional funds in tough times.Without some money reserve a company can literally die.
So for investors better to allow company release more tokens and make possible to change roadmap.
To make this kind of decisions investors have to have an access to company's private info and even secrets. =)
Up to me - it is not possible if ICO tokens owners remain anonymous. Because otherwise company cannot protect itself from information leaks.
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